Case study

PENIND

Pennar Industries Limited

Mixed signals1y model +0.1%

Each stock's 10,000-path forecast, rendered as light.

52Score

Pennar Industries Limited (PENIND) Stock Analysis & Case Study

Is PENIND a good buy? The data-driven verdict.

Pennar Industries Limited (PENIND) trades at ₹160,on the numbers it mixed signals, a Downstox Snapshot Score of 52/100.

On the numbers, Pennar Industries Limited (PENIND) mixed signals, a Downstox Snapshot Score of 52/100, weighing fairly valued at 15.6× earnings, ROE of 12.8%, a 50% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

PENIND fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹2,166 Cr
Current price
₹160
P/E ratio
15.6×
P/B ratio
1.86×
Book value
₹86
ROCE
15.3%
ROE
12.8%
Piotroski F-Score
4/8

How PENIND ranks against the 2,373 companies in our screener

Is PENIND overvalued? PENIND P/E vs peers

PENIND trades at 15.6× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

PENIND share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of PENIND history (13%/yr drift, 51%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
PENIND 2027₹83₹160₹308+0%
PENIND 2028₹63₹160₹405+0%
PENIND 2029₹52₹160₹496+0%
PENIND 2030₹43₹161₹596+0%
PENIND 2031₹38₹161₹687+1%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability PENIND goes up, or doubles?

50%
Higher in 1 year
Modelled chance the price is above today in 12 months
50%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹320 within 5 years

The bull case for PENIND

  • PENIND's P/E of 15.6x is lower than 72% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • PENIND's return on equity of 12.8% ranks in the 63rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹496.

The bear case & risks

  • High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹52.

PENIND volatility & expected range, how bumpy is the ride?

Over the last 9.8 years PENIND compounded at 13%/year with annualized volatility of 51%. That volatility implies a 1-year 80% range of ₹83-₹308, the honest backbone behind any single price target.

PENIND price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
0.1%
80% range₹83-₹308
P(price ↑)50%
P(price 2×)9%
3-Year Forecast
2029
₹0
Median (P50)
0.4%
80% range₹52-₹496
P(price ↑)50%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
0.6%
80% range₹38-₹687
P(price ↑)50%
P(price 2×)27%

PENIND price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
PENIND simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds PENIND hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the PENIND price target & forecast page.

PENIND Piotroski F-Score: 4/8, how financially strong is it?

4/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. PENIND scores 4/8, mixed financial health.

PENIND MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy PENIND with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox37.92%2.6×
ZerodhaCHEAPEST37.88%2.6×
Groww38.07%2.6×
DhanCHEAPEST37.88%2.6×
Kotak NeoCHEAPEST37.88%2.6×
Paytm Money38.32%2.6×
Pocketful38.67%2.6×
Anand RathiCHEAPEST37.88%2.6×
Bajaj Broking50.00%2.0×
Share India38.05%2.6×

Compare every broker on the PENIND MTF page.

About Pennar Industries Limited: sector, index & market-cap context

Pennar Industries Limited (PENIND) is a small-cap NSE-listed company, with a market capitalisation of ₹2,166 Cr. See more stocks on our screener.

How the PENIND Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Pennar Industries Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

PENIND analysis, FAQs

Is Pennar Industries Limited (PENIND) a good buy?

On the numbers, Pennar Industries Limited (PENIND) mixed signals, a Downstox Snapshot Score of 52/100, weighing fairly valued at 15.6× earnings, ROE of 12.8%, a 50% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is PENIND overvalued or undervalued?

PENIND trades at 15.6× earnings, fairly valued versus the ~22× long-run Nifty average.

What is the PENIND share price target for 2031?

PENIND's probability-weighted 2031 median target is ₹161, with an 80% range of ₹38-₹687 (10,000-path Monte-Carlo).

What is the probability PENIND doubles in 5 years?

The modelled probability of PENIND reaching ₹320 (2×) within 5 years is 27%.

What is the bull case for PENIND?

PENIND's P/E of 15.6x is lower than 72% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. PENIND's return on equity of 12.8% ranks in the 63rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in PENIND?

High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on PENIND